Bloomberg:
- Israel Strikes Gaza by Air and Sea to Halt Rocket Attacks. Israel struck 150 targets in the Hamas-controlled Gaza Strip and authorized the call-up of 40,000 reservists as it weighed a possible ground operation to quell weeks of Palestinian rocket fire into its territory. Gaza emergency services chief Ashraf al-Qedra said 16 people, including five children, were killed today as Israel’s offensive expanded. Militants raised the stakes by firing rockets in the Tel Aviv and Jerusalem areas for the first time during the latest round of violence. They also infiltrated Israel by sea and battled troops near an army base.
- Snuffing Out Shisha Alienates Iraqis Bemoaning Islamic Clampdown. Iraqi laboratory technician Younes was smoking a shisha water pipe and playing cards with his friends in the Iraqi city of Mosul last week when a dozen men with Kalashnikov rifles over their shoulders showed up. “They told the cafe owner that allowing such forms of entertainment was sinful and they didn’t leave until he pledged to ban it,” said Younes, 30, who was too scared of reprisals to give his full name. “We’re hurtling fast toward the unknown.”
- Asian Stocks Drop as Corn Extends Slide; Copper Advances. Asian stocks fell, with the regional index declining a second day, extending a global retreat in equities amid concern valuations are too high. The yen held gains as copper climbed while corn futures continued their longest slump since November. The MSCI Asia Pacific Index lost 0.4 percent by 10:06 a.m. in Tokyo, set for the steepest one-day drop in 2 1/2 weeks as Japan’s Topix index slipped 0.5 percent in a third day of declines.
- Republican Bill Seeks Monetary Policy Rule for Fed. House Republicans proposed legislation to limit how the Federal Reserve makes monetary policy, a week before Chair Janet Yellen is scheduled to deliver her semiannual testimony to lawmakers. “It’s broadly consistent with Republicans’ continued anger with the Fed and seems to reflect a continuing concern that it’s time for the Fed to get further down the exit path and start raising rates,” said Sarah Binder, a senior fellow in governance studies at the Brookings Institution in Washington who specializes in studying Congress’s relationship with the central bank.
- Israel, Hamas Escalate Violence. Gaza Launches Barrage of Rockets, Airstrikes Send Palestinian Death Toll Up. Palestinian militants in the Gaza Strip unleashed their most far-reaching rocket attack ever on major Israeli population centers, as Israel said it was launching a protracted assault on the territory's Islamist rulers. Warplanes hit 150 purported militant sites on Tuesday alone and the Israeli government authorized the call-up some 40,000 army reservists, mobilizing for the third large-scale military operation against Gaza in...
- Syria Is Breeding Western Terrorists, U.S. Warns. Attorney General Cites 'Global Crisis' of Foreign 'Violent Extremists' in Syria's Civil War.
- Making of an immigration crisis: Obama slammed for missing border mess. (video) The Obama administration, scrambling for billions in emergency funding to address the surge on the U.S.-Mexico border, is facing yet another accusation that it was asleep as a crisis evolved -- this time, the influx of illegal immigrant minors.
- Citi(C) near multi-billion dollar deal to resolve mortgage probe. The Justice Department and Citigroup Inc. are close to a multibillion-dollar deal to settle allegations the bank sold shoddy mortgages in the run-up to the financial crisis, according to people familiar with the matter.
- Alcoa(AA) earnings easily beat Street estimates. Alcoa reported quarterly earnings and revenue that handily beat analysts' expectations on Tuesday.
Business Insider:
Reuters:
- ICE CEO calls for market-wide purge of order types. In a perfect world, stock exchanges would collectively agree to ban order types that critics allege create complexity and may give certain traders unfair advantages, Intercontinental Exchange Group chief executive Jeffrey Sprecher told lawmakers on Tuesday.
- Hedge funds attract $72.2 bln in first five months of year -data. Investors poured $72.2 billion into hedge funds worldwide in the first five months of 2014, marking their strongest five-month start to a year since 2007 partly on fears of a downturn in stock and bond prices, data from a survey showed on Tuesday.
- KLA-Tencor(KLAC) says June quarter booking above expectations. Chip gear maker KLA-Tencor Corp said on Tuesday its bookings in the fiscal fourth quarter were close to $895 million or $900 million, higher than expected and helped by demand from contract chip manufacturers.
Obama takes on coal with first-ever carbon limits
Read more at http://www.philly.com/philly/news/politics/20130919_ap_0f857b20e0c144a5a1e1b9dddc9f9d72.html#YRThyDOhArykUeYy.99
Evening RecommendationsRead more at http://www.philly.com/philly/news/politics/20130919_ap_0f857b20e0c144a5a1e1b9dddc9f9d72.html#YRThyDOhArykUeYy.99
- None of note
- Asian equity indices are -1.0% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 102.50 +2.5 basis points.
- Asia Pacific Sovereign CDS Index 70.75 +.5 basis point.
- FTSE-100 futures -.04%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures -.04%.
Earnings of Note
Company/Estimate
- (WDFC)/.72
- (GY)/.09
10:30 am EST
- Bloomberg
consensus estimates call for a weekly crude oil inventory decline of
-1,744,440 barrels versus a -3,155,000 barrel decline the prior week.
Gasoline inventories are estimated to fall by -522,220 barrels versus a
-1,235,000 barrel decline the prior week. Distillate supplies are
estimated to rise by +877,780 barrels versus a +975,000 barrel gain the
prior week. Finally, Refinery Utilization is estimated to rise by +.14%
versus a +2.9% gain the prior week.
- Fed Minutes from June 17-18 meeting.
- (ALK) 2-for-1
- (ACIW) 3-for-1
- The China CPI, BoE rate decision, Australia unemployment report, China Trade Balance, 10Y $21B T-Note auction, weekly MBA mortgage applications report and the (SLXP) investor day could impact trading today.
No comments:
Post a Comment